A GE pension fund was the seller.
The 102,000-sf building will be ready for occupancy in the first quarter of next year, according to a Liberty Property Trust statement. However, at press time, no tenants had been signed yet.
Publicly traded Liberty Property Trust also recently purchased four other properties in multiple states and committed to developing five properties totaling 607,000 sf. The five properties acquired total 887,000 sf. All 10 properties represent about $100 million in investments.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
